sw -- all momo plays I relayed to you -- not my picks but here is info on INTXA
Interiors, Inc. Announces Agreements With Excite and Lycos
Business Wire - January 28, 1999 07:19
MT. VERNON, N.Y.--(BUSINESS WIRE)--Jan. 28, 1999--Interiors, Inc.
(Nasdaq:INTXA) announced today that it has entered into agreements with
EXCITE!, Inc. (Nasdaq:XCIT-news) and LYCOS, Inc. (Nasdaq:LCOS-news) two
major Internet portal companies.
Under the terms of these agreements Interiors' website, Interiors.com,
which is currently being developed, will be directly accessible through
www.excite.com and www.lycos.com, establishing easy access for millions
of people to view and purchase many of the Company's 5,000 decorative
accessories.
Interiors, Inc. is a premier designer, manufacturer and distributor of
decorative accessories for the home, which are sold nationally through
leading national department stores and interior decorators. Recently,
the Company announced its immediate intent to establish an e-commerce
presence and entered into similar agreements with Yahoo.com and
Amazon.com. Interiors' extensive product lines include framed artwork,
lighting fixtures and lamps, decorative wall sculpture, museum quality
frames, and fine framed mirrors. Following the scheduled completion of
the acquisition of Petals, Inc., Interiors.com will also feature the
industry's largest selection of decorative silk floral arrangements,
plants and trees. Together, this array of products will represent the
largest assemblage of decorative home accessories available to consumers
over the Internet.
Max Munn, President and Chief Executive officer of Interiors, Inc.
commented, "The agreements with Excite and Lycos are significant steps
in the implementation of our e-commerce strategy. Excite and Lycos are
two of the largest and most traveled portals on the worldwide web, and
will introduce our Interiors.com website, when completed, to millions of
users of the Internet, who are potential consumers of our multiple lines
of decorative accessories. We will continue to aggressively seek
additional agreements and collaborative affiliations with other Internet
portal companies and search engines to quickly establish Interiors.com
as a highly recognized and familiar cyber destination. Consumers have
enthusiastically embraced the Internet and 'e-commerce' through such
companies as America On-Line (NYSE:AOL-news), Yahoo! (Nasdaq:YHOO-news),
Ebay (Nasdaq:EBAY-news) and UBID (Nasdaq:UBID-news). I believe that
Interiors.com has the potential to eventually enjoy a similar level of
success."
About Interiors, Inc.
Interiors, Inc. (Nasdaq:INTXA) is a rapidly growing designer,
manufacturer, and marketer of a wide range of quality decorative
accessories, with more than 5,000 products for the home furnishings
industry. Through its consolidation strategy consolidated annualized
pro-forma revenues will have increased dramatically over the last eight
months from approximately $13 million for year-end June 1998 to
approximately $110 million, following the scheduled completion of the
previously announced acquisitions of Petals, Inc. and Model Home
Interiors, Inc.
This statement contains certain forward-looking statements, which may
involve known and unknown risks, uncertainties, and other factors not
under the Company's control which may cause actual results, performance
and achievements of the Company to be materially different from the
results, performance, or expectations of the Company. These factors
include, but are not limited to those detailed in the Company's periodic
filings with the Securities and Exchange Commission.
CONTACT: Interiors, Inc.
Max Munn, 914/665-5400 ext. 801
or
Strategic Growth Int'l., Inc.
Stan Altschuler or Steven Kessler, 516/829-7111
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